Question
Which of the following is not a feature of perfect
competition?Solution
Homogeneous products, easy entry/exit, and a large number of buyers and sellers are defining characteristics of perfect competition. "Low prices" is an outcome or a potential result of the competitive structure, not a defining feature of the market structure itself. Prices are determined by the market forces of supply and demand.
- A word has been used in the sentences given below. Identify the statement(s) where the word has been used in a contextually and grammatically correct manne...
In the given question, a word has been given and there are three ways in which the word has been used, in similar or different forms. Find out which of...
In the given question, a word has been given and there are three ways in which the word has been used, in similar or different forms. You need to see w...
Select the word which means the same as the group of words given.
Sound of horses
Vague
(I) Talented artists often keep going viral all over social media platforms for their skills and vague ideas.
(I...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE....
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statement/s use/s the...
DUMP
One who believes in many Gods.
- Below, a word is given followed by three sentences which consist of that word. Identify the sentence/s which best expresses the meaning of the word. Choose...
